Stock of affordable mobile phones and accessories

Stephen

Kumasi, Ghana

50% repaid

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Entrepreneur

Name

Stephen

Member since

April 2015

On-time repayments

7 installments • 0%

About Me

I AM A YOUNG ENTREPRENEUR FROM GHANA-WEST AFRICA,WHERE ACCESS TO FUND TO BUILD CAPACITY IS DIFFICULT.AFTER UNIVERSITY, JOB BECAME SCARES AND STARTING SOMETHING ON MY OWN WAS TRULY THE WAY FORWARD,SO FROM MY PICTURE THAT IS HOW FAR I HAVE BEEN ABLE TO BUILD MY MOBILE PHONE AND ACCESSORIES BUSINESS. WITH A PASSION TO MOVE ALONG WITH TECHNOLOGY BY STOCKING MODERN PHONES AND ACCESSORIES AND TO EXPAND MY SHOP I THEREFORE APPEAL TO GOOD PEOPLE LIKE YOU VIA" ZIDISHA", TO HELP ME SUCCEED AS AN ENTREPRENEUR SO THAT I CAN ALSO EMPLOY PEOPLE TO HELP REDUCE UNEMPLOYMENT AND POVERTY RATE IN AFRICA .THANK YOU

My Business

I BUY MOBILE PHONES AND ACCESSORIES AND RETAIL
-TARGET MARKET IS THE YOUTH,MOSTLY UNIVERSITY STUDENTS AND THE WORKING CLASS
-THE YOUTH IN GHANA HAVE SERIOUS APPETITE FOR TECHNOLOGY SUCH AS PHONES.
-MOBILE PHONES BUSINESS IS LUCRATIVE IN GHANA BUT CAPITAL INTENSIVE
-I LOOK FORWARD TO ADD COMPUTER TABLETS AND LAPTOPS TO IT SINCE IT IS ALSO OF HIGH DEMAND .

Loan Proposal

1.I WOULD PAY FOR MOST OF THE ACCESSORIES I PURCHASE ON CREDIT SINCE IT IS MORE COSTLY TO BUY ON CREDIT THAN CASH PURCHASE
2.GRADUALLY I WOULD START BUYING MOST OF MY PHONES ON CASH TERM OR READY PAYMENT
3.I LOOK FOR TO EXPAND TO OTHER UNIVERSITY CAMPUS WITH A PHYSICAL SHOPS
4.WOULD EMPLOY ADDITIONAL HANDS IN THE NEAR FUTURE PROBABLY IN MY SUBSEQUENT LOANS